Addressing revenue loss from illicit financial flows in Africa
Africa is losing approximately $50 billion annually to illicit financial flows, a figure that has alarmingly increased to nearly $90 billion. Addressing the issue of illicit financial flows is essential for Africa’s economic stability and growth. Reforming the global financial architecture to close loopholes, enhance transparency, and foster international cooperation will be critical steps toward achieving this. CNBC Africa’s Flora Limukii spoke to Chenai Mukumba, Executive Director, Tax Justice Network Africa for more.
Mon, 30 Sep 2024 14:49:44 GMT